Xbox One Finally Outsells The PS4 After Latest Price Cut

Kirsten Acuna / Business Insider
Microsoft's Xbox One beat Sony's Playstation 4 to become the number one selling game console in November in the US and UK, according to GameSpot.

This comes after Microsoft chopped the price of the Xbox One by $50 to $349, a move that has yet to be matched by Sony (the PS4 is $399).

While the Xbox One has lagged behind the PS4 in overall sales significantly, Microsoft has done a good job at drawing sales away from the PS4 by cutting the price twice now.

However, the last time the Xbox One outsold the PS4 was in December 2013.

"We are committed to making Xbox the best place to play, with this year's best games, the best community of gamers to play with, and terrific value," Microsoft's VP of corporate marketing, Mike Nichols, said in a statement to Gamespot. "We are amazed by the excitement Xbox fans have shown to start off this holiday. November set a new record for sales of Xbox One, and Xbox One was the best-selling console in the US and UK."

Microsoft announced last month that the Xbox One had sold more than 10 million units.